1214 Dexter RoadCorinnaME04928
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Corinna at 1214 Dexter Road, Corinna, ME, 04928 uses $77,869 cash to close to unlock $7,347/yr annual cash flow and $612/mo monthly cash flow. Total monthly income runs $2,095/mo, and a $1,150/mo payment keeps the spread at $612/mo. Purchase price stands at $234,900, and rental yield measures 10.7% with $2,095/mo rent. Return on cash invested shows 29.34% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 153.64% and total cumulative return in cash records $119,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,095/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1965
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04928, Corinna, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,108 (100%) |
| Owner Occupied HU | 753 (68.0%) |
| Renter Occupied HU | 201 (18.1%) |
| Vacant Housing Units | 154 (13.9%) |
| Median Home Value | $206,183 |
| Average Home Value | $254,177 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
38
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